Can I invest in options?

Will most brokerage firms allow for an individual to invest in options? If so, should I have a margin to back these up or have a special account?

Investing
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January 2018

Yes, most brokerage firms allow individuals to trade options. You will have to fill out a document which will ask a few questions about your background, income etc. based on which most brokerage firms will approve you for a level of options trading (there are 4-5 levels usually) You do not necessarily have to have margin for lower levels but do need a margin account for higher levels which correspond to more risky strategies (such as writing uncovered options). Also, keep in mind if you write options and it moves against you, you will get a margin call if your account does not have sufficient margin. 

January 2018
January 2018